Looking at the Group’s active development from a 5 year perspective, our team showed an outstanding performance. We grew from a minor regional market player back in 2011 to one of leading comprehensive aviation service providers in Europe with a truly global presence. And we continue our accelerating ascent – over 1600 customers, operations in dozens of countries and sales teams across North America, Europe and Asia. We are proud to be a truly diversified business.
In 2016 we launched new products and started operations in such areas as organization of holiday tours for family travelers and aerial inspections of utility infrastructure with the help of UAVs. We are proud to have introduced new cadet programs in cooperation with Europe’s leading airlines thus contributing to the growth of a new generation of qualified pilots.
We advanced in IT solutions presenting new products for airport and ground handling smart management that were developed based on our own practical experience. Furthermore, we used our accumulated experience to launch a competence training center for sales and other non-aviation staff. We also welcomed first passengers under our investment project – Ramport Aero that launched Zhukovsky International Airport.
Meantime, our MRO capabilities were expanded with Airbus Helicopters while the number of serviced business jets increased by four times. We have also added a Hawker aircraft to our VIP charter carrier’s fleet, as well as reached the goal of having the most popular aviation job search platform in the world.
In 2016, Avia Solutions Group also reached new distant lands in the barrier-free travel and transport industry – entered Estonian travel market, expanded ground handling and fueling network to 16 European airports, launched a subsidiary in Thailand, opened a modern MRO hangar in Indonesia, received training approvals in India and Vietnam, as well as started first full-fledge pilot training in Singapore.
Asia occupies our minds and headlines, because it’s the next big thing for aviation. Actually, it’s already the thing for Avia Solutions Group. Last year, we won deals and approvals of the region’s leading low cost and legacy airlines, as well as MRO providers, local authorities and other partners. This allowed us to significantly increase the share of Asian sales in total annual volumes. Simultaneously, we further progressed in diversifying our operational geography and strengthening our independence from any single market or product. This helps us to avoid any geopolitical or industry-specific risks that might impact the Group’s overall performance.
All of this perfectly develops in line with our major shareholders’ vision. The vision that suggests product and geography-wise expansion in order to achieve top market positions for our global businesses and regional projects. We are determined to continue re-investing our profit and attracting new financial partners in the following several years – everything to fuel our march towards becoming one of the largest aviation service providers in Europe and earning the name of a partner of choice across other regions.
A partner of choice – a status we also seek with our existing and future team members. Our ambitions and goals are possible only thanks to over 2000 employees around the world. They are the core of our business, and we put great emphasizes on generating value not only to our shareholders and customers, but employees as well. In 2016 we improved our HR policies, strengthened internal communication, introduced new motivational tools, as well as put more efforts into cultivating a more open and inspiring overall environment.
The year of 2016 certainly profited the Group with outstanding operational and financial performance. Avia Solutions Group’s revenues achieved an almost 33.5% of growth (year-to-year) and a rocketing 122% increase since the IPO in 2011. In 2017, we plan to bring even more long-term value for our stakeholders and strengthen our core activities thus further ascending to new professional heights and acknowledgement.
A) What is Avia Solutions Group?
Avia Solutions Group AB is an international, publicly traded aviation holding company with over 20 subsidiaries worldwide. Headquartered in Vilnius, Lithuania, the Group has representative offices in the USA, the UK, Poland, Serbia, Estonia, Russia, Thailand and Indonesia.
Avia Solutions Group AB is the first foreign company listed on Warsaw Stock Exchange in 2011. Shareholders of the company include global players such as Norway’s Government Pension Fund and ING Open Pension Fund managing multibillion portfolios of assets. Shares of Avia Solutions Group AB are listed on the Warsaw Stock Exchange (ticker- AVIASG).
For management purposes, the Group is organized into business units based on the services provided, and has five reportable operating segments:
The Group unites a team of over 2000 professionals working and living across 40 countries worldwide. Both the company and its team are active members of various local communities, providing an extended support to sport, culture, environment, health-related organizations and groups.
B) Business Philosophy
To be amongst top market leaders in relevant business segment, as well as be a partner of choice for customers worldwide.
Creating value for shareholders, customers, employees and the society by providing professional, high quality aviation-related services.
Professionalism – we explore every situation with precision and treat every case uniquely when creating solutions.
Responsibility – we take 100% responsibility for our solutions and services.
Flexibility – we work without any prejudices. That is the major success factor in finding the best way to improve any situation.
C) Main Brands and Services
Aircraft and helicopter maintenance, repair and overhaul (MRO)
Aircraft ground handling and fuelling
Crew Training and Staffing
Private jet charter, flight and tour operations
Airport Infrastructure Management
D) The Group (effective holding of the companies in %)
Avia Solutions Group AB
Aircraft and helicopter maintenance, repair and overhaul (MRO)
Aircraft ground handling and fuelling
Crew Training and Staffing
Private jet charter, flight and tour operations
Associate and airport infrastructure management
A) Key Indicators
B) Operating Figures
C) Important Events
In 2016 Avia Solutions Group AB and its subsidiaries (hereinafter – the Group) generated net profit from continuing operations of EUR 8 million (in 2015 - net loss of EUR 6.9 million). Comparing with 2015 the consolidated revenue from continuing operations has increased up to EUR 306 million, or by 34% as compared with EUR 229 million.
The major events to the Group’s structure during 2016 were as follows:
FL Technics UAB established a new subsidiary named FL Technics Asia Co Ltd., where it holds 99.997 per cent of shares. Remaining 0.003% of share capital is held by 2 private persons.
Helisota UAB added Airbus Helicopters to its capabilities by supplementing the EASA Part-145 certificate with H120, H135 and H140 helicopter types.
BAA Training UAB received Ab Initio training approval from Vietnamese CAA.
BAA Training UAB started the provision of full package Airbus A320 and Boeing 737 NG pilot type rating training services at its training center in Singapore.
Baltic Ground Services UAB became a member of the International Air Transport Association’s (IATA) Strategic Partnerships program to contribute to the global development of new standards and best practices in ground handling.
BAA Training UAB finishes the first course of the UAV/UAS pilot training program.
Storm Aviation Ltd. established a new subsidiary named Storm Aviation (Nigeria) Ltd., where it holds 100 per cent of shareholding.
KlasJet UAB expanded its business jet fleet by adding a third aircraft – a mid-size Hawker 800XP.
Avia Solutions Group AB acquired 25% of the share capital of Klasjet UAB from a third party and increased control in the subsidiary to a 100%.
Avia Solutions Group AB completed the acquisition of 100 percent of the share capital in GoAdventure OÜ which was renamed to KIDY Tour OÜ following the acquisition. BAA Training UAB started a long-term pilot cadet program with one of Europe’s largest low-cost airlines Wizz Air. FL Technics UAB expanded the range of its Continuous Airworthiness Management capabilities by adding a wide-body Airbus A330 aircraft type to its EASA Part M approval.
FL Technics UAB started operations at its MRO hangar at Soekarno-Hatta International Airport, Jakarta, Indonesia, following the receipt of a relevant approval from Indonesian CAA in September, 20116
A) Overall Company Profile by Business Segments
The Group operates in five business segments: aircraft and helicopter maintenance, repair and overhaul (MRO), crew training and staffing, aircraft ground handling and fuelling, private jet charter, flight and tour operations and unallocated operations.
Avia Solutions Group AB: Sales breakdown by segments in 2009-2016 in %, EUR in millions
Avia Solutions Group AB: Sales geographical segmentation in 2016 in %
B) Aircraft and helicopter maintenance, repair and overhaul (MRO)
Activities in our MRO business segment are conducted by FL Technics UAB (FL Technics), Jet Maintenance Solutions UAB (Jet Maintenance Solutions), FL Technics Line OOO (FL Technics Line), Locatory.com AB (Locatory.com), Helisota UAB (Helisota), Storm Aviation Limited (Storm Aviation), Storm Aviation (Cyprus) Limited (Storm Aviation Cyprus), Storm Aviation (Nigeria) Limited (Storm Aviation Nigeria), Avia Technics Dirgantara PT. and FL Technics Asia Co. Ltd and include:
Aircraft and helicopter maintenance, repair and overhaul (MRO) business segment: Sales geographical segmentation in 2016 in %
Base Maintenance Services
FL Technics occupies 3 aircraft maintenance hangars together with administrative, warehouse and back shop facilities in Vilnius International Airport, Kaunas International Airport and Soekarno-Hatta International Airport, Jakarta – 31,200 sq. meters in total. The hangars are comprised of total 8 airframe maintenance bays with 3 more to come in Jakarta. Utilizing these hangars and the nearby premises FL Technics provides base maintenance services, including: aircraft base maintenance checks, structure inspection and structure repairs, routine maintenance, technical defect rectification, interior refurbishment, minor/major modifications (avionics, airframe), engine replacement, landing gear replacement and non-destructive testing.
FL Technics hangar in Vilnius International Airport, Lithuania
FL Technics hangar in Kaunas International Airport, Lithuania
FL Technics hangar in Soekarno-Hatta International Airport, Jakarta, Indonesia
Line maintenance is defined as maintenance that is carried out before each flight to ensure that the aircraft is airworthy and fit for the intended flight and includes: daily service and weekly checks, unscheduled checks, 24/7 AOG support troubleshooting, defect rectification and minor component replacements. As at 31 December 2016 FL Technics, Storm Aviation, Storm Aviation (Cyprus) and Storm Aviation (Nigeria) collectively operated twenty seven line stations (at 31 December 2015 – twenty one line stations).
Current Base Maintenance and Line Maintenance (2016) Stations’ Network
Continuing airworthiness management (engineering)
FL Technics provides comprehensive engineering management services to the aircraft operators, airlines and leasing companies. Basic engineering services provided by FL Technics include: aircraft airworthiness review and renewal, engine condition monitoring, aircraft weighting, flight data read-out, monitoring and analysis and ageing aircraft programs.
Spare parts and consumable sales
Spare parts and consumable sales are carried by the Group through FL Technics and FL Technics Line. The Group provides comprehensive spare parts management services including: planning/provisioning, purchasing, inventory control, asset management, warehousing and distribution of spare parts and consumables. One of the core competences of the Group is expanded own stock of spare parts and components in a number of locations, such as London, Vilnius, Warsaw, Moscow. Stock and in-house capabilities are listed in databases such as ILS, Parts Base and Locatory.com. The Group has offered online access to a warehouse and possibility of e-purchases to clients.
FL Technics provides cost saving programmes for airlines, including engine material management and component repair management, which includes landing gear overhaul. In addition to ad hoc and pool agreements, the power-by-the-hour (PBH), Consumable Support products, full wheels and brakes programs, including pool of W&B assets, repairs and logistics are provided by FL Technics for existing and new customers.
Technical training and consulting
FL Technics provides technical training for aviation specialists involved in the maintenance and repair of aircraft, as well as other specialized training programs and consulting services. The training programs, which are drawn up in accordance with the requirements of EASA, cover four main areas: basic maintenance training, aircraft type training, specialized aviation training and other consulting services. FL Technics has developed specialized online training program specifically for aircraft technical professionals worldwide: www.147training.com.
Specialized aviation training includes auditors training (theory and practice), wheels and brakes training, avionics components maintenance training, implementing rules – PART-M and PART-145 training, human factors training, fuel tank safety training, quality systems training, aviation legislation training, aircraft structure repair training, engineering and planning procedures training, material management and logistics training, escape slides and life preservers maintenance training and engine borescope inspection (CFM56-3) training.
Engine and Components management
FL Technics provides comprehensive engine and component management services aimed at saving its customers’ time and money. Scrap replacement materials are provided during a shop visit. FL Technics also offers a number of alternative options to deal with the engine, landing gear, APU and other components’ problems, including exchange, sale, purchase and lease of an engine or other components.
Defence aircraft component support
FL Technics provides comprehensive spare parts support and overhaul of components for various types of defence aircraft. It has possibilities to support defence vehicles with spare parts supply, overhaul and modernization services.
Other MRO services
Other MRO services are mainly comprised of non-destructive testing (eddy current, magnetic particle, dye penetrate and ultrasonic) of airframes and components services provided by FL Technics, and of aircraft parts marketplace services provided by Locatory.com. Locatory.com develops and maintains its own trading platform catered specifically to the aircraft spare parts aftermarket while offering proactive customer support and enhancing the industry with effective supply chain management solutions.
Business jet MRO
Business jet MRO operations are carried by the Group through Jet Maintenance Solutions. The subsidiary is a global provider of tailor-made maintenance, repair and overhaul services for business aviation. Certified as an EASA Part-145 organization, Jet Maintenance Solutions serves business aircraft registered in the Russian Federation, Belarus, Turkmenistan, Kazakhstan, Ukraine, Lebanon, Aruba, Bermuda and Cayman Islands. This company is the first service centre in the region authorized to provide warranty support for Tronair’s ground support equipment (GSE) and is appointed by Rockwell Collins as an Authorized Business and Regional Systems (BRS) Dealer. Jet Maintenance Solutions provides base maintenance services for Hawker Beechcraft BAe 125 (Hawker Beechcraft 700 / 750 / 800 / 800XP / 850XP / 900XP), Bombardier CL-600-2B19 (Bombardier CRJ100/200 and Bombardier Challenger 850) and CL-600-2B16 (Bombardier Challenger 604/605) aircraft type families.
Helisota is an international provider of integrated maintenance, repair and overhaul (MRO) services for rotor craft aviation. The company is an EASA Part 145 maintenance organisation for Robinson and Airbus Helicopters, Part 145 organisation and Part 147 organisation as well as an authorized Robinson Helicopters Company service center. Helisota is also approved by Interstate Aviation Committee (MAK) as Overhaul and Repair station, Holds GosNII GA and ASA100 approvals for supply of aviation spares. Furthermore, Helisota is approved under quality management system ISO 9001, AQAP-2120 quality requirements, which allow company to support NATO countries with various services for military aviation. Based on certificates and years of experience Helisota is able to offer a list of services for various government and private rotor craft operators worldwide: helicopters MRO, component MRO, spare parts supply, helicopters sales, upgrades and modernization.
C) Aircraft ground handling and fuelling
Aircraft ground handling and fuelling services are conducted by Subsidiaries of the Company, namely: Baltic Ground Services UAB (Baltic Ground Services LT), Baltic Ground Services Sp.z.o.o. (Baltic Ground Services PL), Baltic Ground Service UA TOV (Baltic Ground Service UA), Baltic Ground Services RU OOO (Baltic Ground Services RU), Baltic Ground Services EE OÜ (Baltic Ground Services EE), Baltic Ground Services CZ s.r.o. (Baltic Ground Services CZ) and Baltic Ground Services LV SIA (Baltic Ground Services LV).
The above mentioned companies are jointly referred to as Baltic Ground Services. Baltic Ground Services is a regional group of ground handling companies, which provide full range of aircraft ground handling and fuelling services. As at 31 December 2016, Baltic Ground Services activities were concentrated in main airports of Lithuania, Latvia, Estonia, Poland, Ukraine and Russia. Baltic Ground Services expands its network and continues to develop its activities in aforementioned regions.
Aircraft ground handling and fuelling services: sales geographical segmentation in 2016 in %
Current Airports‘ Network, 2016
D) Crew training and staffing
Crew training and staffing operations are carried through BAA Training UAB (BAA Training) and AviationCV.com UAB (AviationCV.com).
Certified as the Approved Training Organization (ATO), BAA Training offers Fixed or Rotary wing Ab Initio, Type Rating, Cabin Crew, Ground Handling, Flight Dispatcher and UAV/UAS training solutions including online training courses. Headquartered in Vilnius, Lithuania, the academy provides the custom tailored training solutions wrapped in the personal care and seeks to establish itself as a globally leading aviation training centre.
BAA Training occupies approx. 3 000 sq. meters. Its training centre is divided into Ab Initio school and Type Rating training learning complex with modern auditoriums, rest areas, dining rooms and specialized training facilities equipped with FNPT II (Flight Navigation Procedures Trainer), A320 FTD (Flight Training Device), Boeing 737-300/400/500 and Airbus 320 Full Flight Simulators (FFS), Real Fire Fighting and Smoke Trainer; aircraft fleet of 1 Cessna 172S, 9 Tecnam P2002JF and 2 Tecnam 2006T. BAA Training operations in Dubai provides Airbus 320 and Boeing 737 CL training services for Middle East. Furthermore, BAA Training established operations in Tunis to fulfil needs of African region.
BAA Training offers training solutions for 18 types of aircraft on 54 Full Flight Simulators at 26 locations in Europe, North and South Americas, Africa and Asia. Almost 700 pilots flew close to 20,000 hours on FFSs in 2016 and acquired Type Rating at BAA Training. Cadet Pilot programmes with 4 airlines were established in 2016, too.
Course completion certificates issued by BAA Training are valid in all EASA countries and Belarus, Cuba, Jordan, Lybia, Laos, Kazakhstan, Kyrgyzstan, Malaysia, Mongolia, Nepal, Russia, Seychelles, Ukraine and Vietnam.
Moreover, BAA Training is developing MOMook - aviation training management software and offering a Flight Tracker device for aviation training centres. Meanwhile, SimHelp is the first point of contact for FFS Operators, which also offers a newly developed FFS Terminal and flight simulator for commercial sales. Emblick – an internal Avia Solutions Group competency centre, which is also open for other Lithuanian organisations, was launched by BAA Training in 2016.
AviationCV.com is a global provider of aviation specialist resourcing solutions for airlines, MRO providers and other industry players. The company runs a job search portal (www.aviationcv.com) for flight crew members, aircraft engineers and other aviation specialists aimed at meeting short and long term human resource needs of the global aviation industry.
Crew training and staffing segment: Sales geographical segmentation in 2016 in %
Full Flight Simulators‘Network, 2016
E) Private jet charter, flight and tour operations
The Group is involved in private jet charter operations related activities conducted through its subsidiary, KlasJet UAB. KlasJet is a charter carrier (EASA AOC holder), specializing in private and corporate flights as well as comprehensive aircraft management solutions. With a fleet of business jets based in Vilnius, Lithuania, as well as other airports across Russian Federation, Eastern Europe and the CIS, KlasJet is perfectly positioned to provide VIP flight services to customers and partners at any place and time. KlasJet offers its customers, aircraft owners, maintenance and refurbishment solutions, CAMO support, crew recruitment and training solutions, spare parts and components supply.
The Group is involved in flight operations related activities conducted through its subsidiary, Laserpas UAB. In March 2015 Laserpas started its operations as an international remotely piloted airborne system (RPAS) operator, offering comprehensive and tailor-made UAV solutions to accommodate a wide array of customer needs in a variety of industries. Laserpas is the first independent RPAS operator in the Baltic States, engaged in the activity of developing state-of-the-art payload control and image processing systems. The company also conducts high-precision, long distance UAV operations, providing its customers with actionable data and professional support. In 2016 Laserpas has executed first commercial contracts, and currently is performing work in Lithuania and Romania, with contracts pending in Czech Republic, Latvia and Turkey. Currently Laserpas is able to use both – its own and leased UAVs and manned helicopters.
In December 2015 a new subsidiary KIDY Tour UAB (KIDY Tour) was established and on 16 September 2016 100 percent of the share capital in GoAdventure OÜ (which was renamed to KIDY Tour OÜ) was acquired. Both companies collectively represent Tour Operations business segment. The purpose of companies’ activities is to provide clients with tour operator as well as other related services. Currently companies are offering a wide range of holiday tours into Turkish and Egypt resorts.
According to the Articles of Association of Avia Solutions Group AB, the managing bodies of the Company are General Meeting of Shareholders, the Supervisory Council, the Board and the Head of the Company (the General Director).
The Supervisory Board is responsible for the supervision of activities of the Company and its management bodies. Board is responsible for the strategic management of the Company (including the appointment and removal of the General Director), whereas the General Director manages day-to-day operations of the Company and has the exclusive right to represent the Company in relations with third parties.
A) The Board
Mr Gediminas Žiemelis
Chairman of the Board
Mr Gediminas Žiemelis has a unique management and advisory experience. He started his career in 1999 as the deputy manager of the Vindication and Fraud Division in Lithuania Savings bank, AB (currently, Swedbank, AB), the Department of Problematic Assets and Vindication (1999–2001). He acted as the General Manager of Žvilgsnis iš arčiau UAB (2001–2005) (currently named Creditinfo UAB), which was engaged mainly in debt recovery and credit risk management, the General Manager of ŽIA VALDA AB (2002–2006) and the General Manager of brokerage firm Finhill Soft UAB FMĮ (in 2007-2008). Mr Gediminas Žiemelis is a Chairman of the Management Board in ŽIA VALDA AB since 2002 and was a Business development Manager since 2007 till 2009. Mr Gediminas Žiemelis is the Chairman of the Management Board in Avia Solutions Group AB and the Manager of the Development Department since 2009 and the member of the Supervisory Board in Agrowill AB since 2010. Mr Gediminas Žiemelis also acted as a chairman of the Management Board of AviaAM Leasing AB (2012-2014). Mr Gediminas Žiemelis obtained a bachelor’s degree at the Faculty of Business Management in the Vilnius Gediminas Technical University, Lithuania in 1999 and a master’s degree at the Faculty of Law in the Mykolas Romeris University, Lithuania in 2004. He has also finished the Program for Leadership Development (PLD) in the Harvard Business School, Boston, MA, U.S.: Accelerating the Careers of High-Potential Leaders. Mr Gediminas Žiemelis was selected twice among the top 40 most talented young industry leaders by Aviation Week & Space Technology and is a member of the YPO (Young Presidents Organization) organization.
Mr Aurimas Sanikovas
Mr Aurimas Sanikovas started his career as an audit associate in PricewaterhouseCoopers, Lithuania in 2001. In 2007 his last position held at the company was that of a manager. He performed supervision and execution of audit engagements performed in accordance with the IAS and US GAAS. Mr Aurimas Sanikovas has principal expertise in telecommunications, IT, manufacturing, construction, consumer products and energy sectors. From 2007 till 2010 he acted as the Chief Financial Officer of Avia Solutions Group Holdings AB. Mr Aurimas Sanikovas also acted as a member of the Management Board of Avia Asset Management AB (2008–2010), a member of the Management Board of FL Technics (2008–2010) and a member of the Management Board of Small Planet Airlines Sp.z.o.o. and Small Planet Airlines AS (2009–2010). He has also acted as the Interim General Manager of Avia Funds Management UAB (2010-2011). Moreover, since 2010 Mr Aurimas Sanikovas is a member of the Supervisory Board of Agrowill Group AB. Mr Aurimas Sanikovas also acted as a member of the Management Board of AviaAM Leasing AB (since 2012). His main responsibilities at the Group include control of operations of subsidiaries, leading budgeting, reporting, treasury and risk management functions, finance function staffing, fund raising, deal structuring, tax planning and managing resolution of finance related issues. Mr Aurimas Sanikovas obtained his bachelor’s and master’s degrees in economics at the Faculty of Economics, Vilnius University, Lithuania with an exchange term in the University of Copenhagen. Since 2006 Mr Aurimas Sanikovas is a fellow of the Association of Chartered Certified Accountants (ACCA). Mr Aurimas Sanikovas owns 294,478 shares in the AviaAM Leasing AB (0.68% of all the Shares). Apart from holding 60,775 shares of Avia Solutions Group AB (0.78 per cent of all shares) and 294,478 shares in AviaAM Leasing AB (0.68 per cent of all shares) Mr Aurimas Sanikovas does not participate in the capital of any other legal entities.
Mr Daumantas Lapinskas
Mr Daumantas Lapinskas has more than 16 years of experience in sectors as diverse as public service (in 2009-2010 was an advisor to the Minister of Economy, Lithuania, served as the Vice Minister of Economy in the 15th Government of Lithuania), banking (more than seven years at the European Bank for Reconstruction and Development, executing monitoring debt, equity and working capital financing projects for the Companies in CEE and CIS), trading and private business. Mr Daumantas Lapinskas held board positions in the following companies: Invest Lietuva (2010-2012), Enterprise Lithuania (2010-2012), JSC Investicijų Verslo Garantijos (INVEGA) (Chairman of the Board). Mr Daumantas Lapinskas graduated from Vilnius University where he obtained bachelor degree in Economics (specialization in Finance), and in 1999 he obtained a master’s in International Economics and Finance at the Brandeis University, USA (Edmund S. Muskie Scolarship in Economics). Since 2013 Mr Daumantas Lapinskas is a Deputy CEO at Avia Solutions Group AB. Apart from holding 8,240 shares of Avia Solutions Group AB (0.11 per cent of all shares), Mr Daumantas Lapinskas does not have interests in the share capital of any other legal entities.
Mr Žilvinas Lapinskas
Mr Žilvinas Lapinskas has a deep international business expertise. He started his career as sales manager in Rubikon Prodimpeksas, since 1999 worked in City Service – OMX listed company, where he held CCO and Head of Facilities Management Department positions prior to becoming CEO in 2004. Mr Žilvinas Lapinskas took LEAN 6 Sigma Implementation courses as well as Facilities Management course at Dalkia Facility Management, Stocholm, Sweden. Mr Žilvinas Lapinskas holds a bachelor degree in Business management. Since November 2013 Mr Žilvinas Lapinskas is CEO at FL Technics UAB. Mr Žilvinas Lapinskas is a direct shareholder of the Company and has 32.960 shares of Avia Solutions Group AB that accounts to almost 0,42 per cent of the share capital. Mr Žilvinas Lapinskas does not participate in the capital of any other legal entities.
Mr Anatolij Legenzov
Mr Anatolij Legenzov started his career in 1996 in Oxford Health Plans, LLC as an IT Support Analyst. He worked for this company for 2 years and since 1998 started his career in Helisota UAB. Prior to becoming General Director in 2013 Mr Anatolij Legenzov held International Sales Representative, Director International Sales, and Director for Commerce positions. Since 2011 he is a member of Helisota UAB Board. Mr Anatolij Legenzov studied in Kaunas University of Technology, obtained bachelor degree in Computer Science from University of Bridgeport and master degree in Computer Science from Columbia University. In 2001 he obtained an executive MBA at the Vytautas Magnus University. Mr Anatolij Legenzov is a direct shareholder of the Company and has 73,255 shares of Avia Solutions Group AB that accounts to almost 0.94 per cent of the share capital. Mr Anatolij Legenzov does not participate in the capital of any other legal entities.
B) Top Management
|LINAS DOVYDENASAvia Solutions Group, CEO||ZILVINAS LAPINSKASFL Technics, CEO||EGLE VAITKEVICIUTEBaltic Aviation Academy, CEO||GYTIS GUMULIAUSKASBaltic Ground Services, CEO|
|DAINIUS MEILUNASLocatory.com, CEO||DARIUS SALUGAFL Technics Jets, CEO||SKAISTE KNYZAITEAviationCV.com, CEO||VITALIJ KAPITONOVKlasjet, CEO|
|ANATOLIJ LEGENZOVHelisota, CEO||TOMAS VAISVILARamport, CEO||MANTAS VASKELALaserpas, CEO||GVIDAS AUKSTUOLISKIDY Tour, CEO|
|LINAS GEGUŽISBaltic Ground Services, PL CEO||DMITRY KHARTUNYANBaltic Ground Services, RU CEO|
The breakdown of the number of full-time employees by the Group’s companies:
After euro adoption in 1 January 2015 and according to the Republic of Lithuania Law on redenomination to the euro of the capital and of the nominal value of securities of Public Limited Liability Companies and Private Limited Liability Companies and amendment of the Articles of Association of these Companies, the nominal value of the Company’s shares were automatically converted from 1 LTL per share to 0.29 EUR per share in the Central Securities Depository of Lithuania. On 31 December 2016 the share capital of the Company amounts to EUR 2 255 555 and consists of 7 777 777 ordinary registered shares with a nominal value of 0.29 Euro each. All shares carry equal voting rights. All shares are fully paid up.
Share premium as at 31 December 2016 amounts to EUR 33 133 thousand.
On 3 March 2011 shares of the Company were introduced to trading at Warsaw Stock Exchange (code: AVIASG).
Shareholders, holding more than 5 per cent of the share capital and votes, as on 31 December 2016 and as on 6 April 2017:
Avia Solutions Group (Lithuania) Smolensko st. 10, LT-03201 Vilnius, Lithuania Tel.: +44 20 808 99777 E-mail: firstname.lastname@example.org
Avia Solutions Group (Russian Federation) 1st Tverskaya-Yamskaja Str., 23, building 1, 4th entrance, 4th floor 125047, Moscow Tel.: +7 495 956 10 06 Fax.: +7 495 956 10 06 E-mail: email@example.com
Avia Solutions Group (United Kingdom) The Diamond Hangar, Long Border Road, Stansted Airport, Essex, CM24 1RE, the United Kingdom Tel.: +44 (0)1279 681330 E-mail: firstname.lastname@example.org
Avia Solutions Group (Poland) Okęcie Business Park – Notus i Zephirus st. Stycznia 17 - 45B, Warsaw, Poland Tel.: +48 22 427 90 92 Fax.: +48 22 427 90 93 E-mail: email@example.com
Avia Solutions Group (Thailand) S184/30 Forum Tower 12A Fl. Ratchadaphisek Road, Huay Khwang, Bangkok 10320, Thailand Tel.: +66 204 75458 E-mail: firstname.lastname@example.org
Avia Solutions Group (Indonesia) PT Avia Technics Dirgantara Gedung Hangar Angkasa Pura II Bandara Soekarno- Hatta Tangerang, Banten 19120, Indonesia Tel.: +62 812 8218 2421 E-mail: email@example.com
Avia Solutions Group (Estonia) Narva road 7, Tallinn, Estonia Tel.: +3728002222 E-mail: firstname.lastname@example.org
Avia Solutions Group (Serbia) 11180 Belgrade 59, Belgrade, Serbia Tel.: +381 64 887 05 88 E-mail: email@example.com
Avia Solutions Group (United States) 2617 SW 143 Place, Miami FL33175, USA Tel.: +1 305 812 0337 E-mail: firstname.lastname@example.org